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Are Computer and Technology Stocks Lagging Infosys (INFY) This Year?
InfosysInfosys(US:INFY) ZACKSยท2024-08-12 14:42

Group 1 - Infosys is currently outperforming its peers in the Computer and Technology sector, with a year-to-date return of 15.9%, compared to the sector average of 15% [4] - The Zacks Rank for Infosys is 2 (Buy), indicating a positive outlook based on earnings estimate revisions and improving earnings sentiment [3][4] - The Zacks Consensus Estimate for Infosys's full-year earnings has increased by 1.2% over the past three months, reflecting a positive trend in analyst sentiment [4] Group 2 - Infosys belongs to the Computers - IT Services industry, which has an average loss of 2.3% year-to-date, highlighting its better performance within this group [6] - The Zacks Industry Rank places the Computers - IT Services industry at 96, indicating a relatively lower performance compared to other industries [6] - Another stock in the Computer and Technology sector, Magnite, has also shown strong performance with a year-to-date increase of 32.8% and a Zacks Rank of 2 (Buy) [5][6]